Business

Forward Air and Omni Logistics end acquisition dispute

Forward Air and Omni Logistics have agreed to end a legal dispute over Forward’s planned acquisition of Omni. The companies…

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ECS continues recent acquisition spree in Morocco

GSSA ECS has continued its recent acquisition spree with the purchase of its Morocco-based partner. The ECS Group today announced…

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Air Partner transports time-critical aid to Gaza

Air Partner’s cargo division has transported 92 tonnes of humanitarian relief for people in Gaza, including blankets, fleeces and hygiene…

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Forwarder Flexport raises $260m through Shopify

Freight forwarder Flexport has raised $260m in funding from e-commerce platform Shopify. The company, which last year had to make…

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Retail’s Red Sea move feeding airfreight volumes?

Signs are starting to emerge that retail shippers are sending more goods by airfreight as the Red Sea crisis continues,…

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Top German cargo hubs see cargo volumes slide in 2023

Leading German cargo hubs Frankfurt and Leipzig/Halle both saw their cargo volumes fall in 2023 as the economic conditions put…

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Freighter financing deal for Crestone Air Partners

Aviation asset management platform and lessor Crestone Air Partners (CAP) has secured financing for more freighters. Ashland Place Finance LLC,…

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TIACA and ALTA sign MoU aimed at cargo development

TIACA and The Latin American and Caribbean Transport Association (ALTA) have signed a Memorandum of Understanding (MoU) to foster improvements…

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Red Sea-related demand yet to materialise but enquiries rise

The airfreight sector is yet to see any solid rise in demand related to the Red Sea crisis but customers…

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Airfreight rates expected to slide this year on 2023 levels

Airfreight rates are expected to continue to decline this year compared with 2023 levels as belly capacity continues to return…

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